"stay clear of thermal coal stocks is the word."
Yeah it might take five years for them to rebound. Alot of them are virtually trading at cash backing. Hopefully we have a round of consolidation with the bigger, established companies buying up quality smaller projects. Yet i just can't see it happening. Managers aren't known for buying up assets at the bottom of the price cycle with a long term vision in mind. They prefer to buy at the very top of the cycle with a short term vision in mind.
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